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Question
In United States v. Colgate & Co. (1919), the Supreme Court:
A. overruled a long-standing precedent that had required per se treatment for vertical maximum price-fixing.
B. reaffirmed that horizontal divisions of markets are illegal per se and plainly represent agreements not to compete.
C. held that a manufacturer could unilaterally refuse to deal with those who failed to follow the manufacturer's suggested resale prices.
D. held that vertical minimum price-fixing would be judged under the rule of reason rather than the per se approach.
Answer
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